We show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply declines afterwards. We also find that, while a large government size does not per se seem to reduce inequality, a rise in financial depth (i.e. better access to credit provided by the banking sector) contributes to a more equal distribution of income.
Agnello, L., Sousa, R. (2012). How do banking crises impact on income inequality?. APPLIED ECONOMICS LETTERS, 19(15), 1425-1429 [10.1080/13504851.2011.631885].
How do banking crises impact on income inequality?
AGNELLO, Luca;
2012-01-01
Abstract
We show that banking crises have an important effect on income distribution: inequality increases before banking crisis episodes and sharply declines afterwards. We also find that, while a large government size does not per se seem to reduce inequality, a rise in financial depth (i.e. better access to credit provided by the banking sector) contributes to a more equal distribution of income.
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